Quebecor Media Inc. Prices Offering of US$850 Million Senior

Quebecor Media Inc. Prices Offering of US$850 Million Senior Notes
Due 2023 and C$500 Million Senior Notes Due 2023 
MONTREAL, QUEBEC -- (Marketwire) -- 10/03/12 -- Quebecor Media Inc.
today announced the pricing of its new issuance of US$850 million
aggregate principal amount of 5 3/4% Senior Notes due 2023 (the "US$
Notes") and C$500 million aggregate principal amount of 6 5/8% Senior
Notes due 2023 (the "C$ Notes" and, together with the US$ Notes, the
"notes"). The notes will be sold at par. The US$ Notes will carry a
coupon of 5 3/4% and will mature on January 15, 2023 and the C$ Notes
will carry a coupon of 6 5/8% and will mature on January 15, 2023.
Quebecor Media intends to use the proceeds of this offering to
finance: (i) the repurchase for cancellation from CDP Capital
d'Amerique Investissements inc. ("CDP Capital"), a subsidiary of
Caisse de depot et placement du Quebec, of approximately 20,351,307
common shares of Quebecor Media (representing approximately 36.4% of
CDP Capital's interest in Quebecor Media), for an aggregate purchase
price of $1 billion, payable in cash, as part of the previously
announced equity transactions with CDP Capital; (ii) the repayment of
a portion of Quebecor Media's issued and outstanding 7 3/4% Senior
Notes due 2016 issued in 2007; and, (iii) in each case, for the
payment of related transaction fees and expenses and, if applicable,
to finance the settlement and termination of related hedging
contracts. 
The success of the offering which was aimed at completing a strategic
acquisition by Quebecor Media clearly demonstrates the support of its
investor's base established over the years. In fact, this particular
transaction represented the largest ever, in terms of value,
completed by Quebecor Media in the Canadian and U.S. High Yield
markets. 
Any redemption of the 7 3/4 % Senior Notes due 2016 will be made
pursuant to a notice of redemption under the indenture governing such
notes. 
This press release is not an offer to sell or the solicitation of an
offer to buy securities in any jurisdiction. The notes mentioned
herein have not been registered under the United States Securities
Act of 1933 or applicable state securities laws, and the notes may
not be offered or sold in the United States absent registr
ation or an
applicable exemption from registration. The notes have not been and
will not be qualified for sale to the public under applicable
Canadian securities laws and, accordingly, any offer and sale of the
notes in Canada will be made on a basis which is exempt from the
prospectus and dealer registration requirements of such securities
laws. 
About Quebecor Media Inc. 
Quebecor Media Inc. is a subsidiary of Quebecor Inc. (TSX:QBR.A)
(TSX:QBR.B), one of Canada's most important holding companies
operating in the telecommunications and media businesses. With more
than 16,000 employees, Quebecor Media Inc., through its subsidiary
Videotron Ltd., is an integrated communications company engaged in
cable television, interactive multimedia development, Internet access
services, cable telephone services and mobile telephone services.
Through Sun Media Corporation, Quebecor Media Inc. is the largest
publisher of newspapers in Canada. It also operates Canoe.ca and its
network of English and French language Internet properties in Canada.
In the broadcasting sector, Quebecor Media Inc. operates, through TVA
Group Inc., the number one French language general interest
television network in Quebec, a number of specialty channels and the
SUN News English language channel. Another subsidiary of Quebecor
Media Inc., Nurun Inc., is a major interactive technologies and
communications agency with offices in Canada, the United States,
Europe and Asia. Quebecor Media Inc. is also active in magazine
publishing (TVA Publishing Inc.), book publishing and distribution
(Sogides Group Inc. and CEC Publishing Inc.), the production,
distribution and retailing of cultural products (Archambault Group
Inc. and TVA Films), video game development (BlooBuzz Studios Inc.),
DVD, Blu-ray disc and videogame rental and retailing (Le SuperClub
Videotron Ltd), the printing and distribution of regional newspapers
and flyers (Quebecor Media Printing Inc. and Quebecor Media Network
Inc.), news content production and distribution (QMI Agency),
multiplatform advertising solutions (QMI Sales) and the publishing of
printed and online directories, through Quebecor MediaPages(TM). 
Forward-Looking Statements 
The statements in this press release that are not historical facts
are forward-looking statements and are subject to significant known
and unknown risks, uncertainties and assumptions which could cause
Quebecor Media's actual results for future periods to differ
materially from those set forth in the forward-looking statements.
Forward-looking statements may be identified by the use of the
conditional or by forward-looking terminology such as the terms
"plans," "expects," "may," "anticipates," "intends," "estimates,"
"projects," "seeks," "believes" or similar terms, variations of such
terms or the negative of such terms. Certain factors that may cause
actual results to differ from current expectations include
seasonality (including seasonal fluctuations in customer orders),
operating risk (including fluctuations in demand for Quebecor Media's
products and pricing actions by competitors), insurance risk, risks
associated with capital investment (including risks related to
technological development and equipment availability and breakdown),
environmental risks, risks associated with labour agreements, risks
associated with commodities and energy prices (including fluctuations
in the cost and availability of raw materials), credit risk,
financial risks, debt risks, risks related to interest rate
fluctuations, foreign exchange risks, risks associated with
government acts and regulations, risks related to changes in tax
legislation, and changes in the general political and economic
environment. Investors and others are cautioned that the foregoing
list of factors that may affect future results is not exhaustive and
that undue reliance should not be placed on any forward-looking
statements. For more information on the risks, uncertainties and
assumptions that could cause Quebecor Media's actual results to
differ from current expectations, please refer to Quebecor Media's
public filings available at www.edgar.com and www.quebecor.com
including, in particular, the "Item 3. Key Information - Risk
Factors" as well as statements located elsewhere in Quebecor Media's
annual report on Form 20-F for the year ended December 31, 2011. 
The forward-looking statements in this press release reflect Quebecor
Media's expectations as of October 3, 2012, and are subject to change
after that date. Quebecor Media expressly disclaims any obligation or
intention to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except as
required by applicable securities laws.
Contacts:
Jean-Francois Pruneau
Chief Financial Officer
Quebecor Media Inc.
(514) 380-4144 
Martin Tremblay
Vice President, Public Affairs
Quebecor Media Inc.
(514) 380-1985
 
 
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